COFIDES

COFIDES (Compañía Española de Financiación del Desarrollo) is Spain's state-owned development finance institution, established to support Spanish and European economic interests through equity, debt, and guarantee instruments in companies operating internationally. It is jointly owned by the Spanish government and a group of major Spanish financial institutions. COFIDES operates alongside the European Development Finance Institutions network and typically invests in companies with Spanish strategic relevance or in sectors where Spain has declared long-term industrial policy interests, including clean energy, digital infrastructure, and advanced manufacturing.

In June 2026, COFIDES invested in Oxford Quantum Circuits' £260m ($350m) Series C as part of a diverse international syndicate that included Bullhound Capital, the British Business Bank, Chevron Technology Ventures, SBI, and Magdalen College Oxford. OQC is developing superconducting quantum hardware and cloud quantum services for commercial applications in drug discovery, materials Science, and optimisation. COFIDES' participation represents Spain's growing interest in maintaining access to frontier quantum-computing infrastructure.

COFIDES' involvement in a UK deep-tech round is noteworthy as a post-Brexit signal: European development finance institutions continue to co-invest alongside UK Government vehicles even as political alignment remains complex. Its presence alongside Chevron Technology Ventures and Japanese institutional investors underscores the global strategic importance that quantum-computing access has acquired.